Breaking: Eric Trump warns:
Banks must adopt digital currencies, or they will go extinct within 10 years."
Analysis:
In a striking statement from Eric Trump (son of U.S. President Donald Trump), he affirmed that traditional banks face the risk of extinction if they do not keep pace with the shift towards a world of digital currencies and decentralized finance.
Key points that can be drawn from his statement:
The digital transformation in financial systems has become a matter of time, not a choice.
Institutions that do not adopt blockchain and digital currencies may become unable to compete.
There is increasing political and media pressure in the United States to push for the adoption of digital currencies as part of the official financial infrastructure.
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